Not worth it today you mean. If litecoin was $100 per coin, you might feel different. Plan for the long run future, not selling cryptocoins short.
Still not worth it. If I was going to pay $9/month in electricity to mine $2.44 worth of LTC, then I just lost $6.56 for no good reason. Instead, it would be much smarter to put that $9 into the coins themselves. Then, at the end of the month, I have $9 worth of LTC, instead of $2.44 worth of LTC.
Mining at a loss makes no sense. Buy instead of mine at that point.
Yes you have the right idea. Some mine for the novelty of mining despite the loss.
Early bitcoin miners mined at a loss too. It was for the novelty and look at them now with their stashes of BTC
Early bitcoin miners who were mining at a loss also could have had even larger stashes of BTC if they had bought instead of mined.
I can understand it from the novelty or hobby perspective, but from any other perspective, especially financial, it just doesn't make sense.
I remember you posting this back in early 2011 when I first found out about bitcoin. I had bought a mining rig in April because I wanted to hedge against the price falling with the possibility of selling off the hardware I bought. But then, as you correctly pointed out, I was still speculating that he price would rise, and thus it'd be better to just buy the coins directly since I'd get a lot more of them. It wasn't long after that that I wired a few thousand to MtGox, and that was probably the luckiest financial move I've ever made in terms of ROI.
I think there is more then the novelty here, mining really gets you involved in the community. If I weren't mining LTC I wouldn't be stalking the Chatroom at BTC-E or bitcointalk. I could have bought at Mt.Gox and been happy living my normal life.
But tweaking ones miner, sharing ideas, testing things, really brings you into direct-ish contact with other people who are like minded, and that's healthy for everyone in the community.
I suspect that long run, much like the original "gold rush" the real long term profit will be made elsewhere with companies and services that service the business. (Butterfly labs must be doing nicely for example). And in time when I learn how to code well and contribute in other ways, I will do so- in the meantime- the couple hundred coins per day are a nice sense of "Ownership".
Besides, when I tell more and more people about Crypto, it helps to show them that I'm "making them". It comes across as a much more serious 'hobby' then just speculation. :-)